Related Keywords: current financial year, encouraging exports, export of textiles, Santosh Kumar Gangwar, targeting a growth of fourteen percent, Technology Upgradation Fund Scheme, textiles minister, through Merchandise Exports from India Scheme
Textiles Minister Santosh Kumar Gangwar in his written reply to Lok Sabha mentioned that the export of textiles for the current financial year (2015-16) targeting a growth of 14 percent has been fixed at USD 47.5 billion from actual exports of USD 41.6 billion in 2014-15, parliament was told on Thursday.
He also said that the government is encouraging exports through Merchandise Exports from India Scheme (MEIS), which has recently been modified to include the markets of Bangladesh and Sri Lanka.